According to Celebritynetworth the market valuation and total wealth of Facebook, an American social networking technology firm, is $527 billion. Mark Zuckerberg, while still a student at Harvard University, launched Facebook in 2004. Facebook now has over 900 million active users.
An Overview of Facebook
With over 2.91 billion monthly active users, Facebook is the largest and most prominent social networking platform.
It's hard to deny Facebook's reach and ubiquity, whether you use it to develop your company or keep in touch with pals.
However, a whistleblower has prompted an investigation by claiming that the corporation prioritizes profits over consumer safety.
A whistleblower provided records to the Wall Street Journal, revealing that the corporation was aware that it was promoting content that could be damaging to its consumers.
In spite of Facebook's announcement that it is the target of government investigations due to the leak, its founder, Mark Zuckerberg, who strongly denies any wrongdoing, is hard at work rebranding the firm as Meta.
The website claims that Meta's primary goal is to unify technologies and applications under a single banner in order to make the Metaverse a reality.
Facebook is also dealing with a privacy dispute with Apple and a cultural shift toward giving users greater control over which third parties have access to their data.
Due to several changes in Apple's operating system, Facebook is finding it harder to implement personalized and targeted advertising, which has a negative impact on the company's bottom line.
Despite this, the third-quarter 2017 Facebook stock performance was better than expected.
Facebook Founder Mark Zuckerberg
Mark Zuckerberg, along with fellow Harvard undergraduates Chris Hughes, Eduardo Saverin, and Dustin Moskovitz, launched the social networking website Facebook in 2004.
Mark Zuckerberg is the current CEO, and he is worth $117 billion on his own. Saverin relocated to Singapore and is now the managing partner of a VC firm there.
Moskovitz co-founded Asana, which is today valued at $23 billion.
Chris Hughes has stayed out of the limelight, and there isn't much known about his present whereabouts or activities.
What is the Net Worth of Facebook?
Facebook is a social networking platform developed by an American firm, as reported by Celebrity Net Worth. Both its market cap and its net worth are valued at $527 billion. In 2004, while still a student at Harvard, Mark Zuckerberg created the social networking site Facebook.
More than 900 million people have joined since then. Facebook.com allows users to create profiles where they may share information, connect with friends and family, and much more. This business did not begin accepting customers until May of 2012. With an IPO price range of $28 to $35 per share, Facebook expected to raise $10.6 billion.
Lots of shares held by prominent Facebook employees were expected to be sold off at the IPO. As CEO of Facebook, Mark Zuckerberg made $1.057 billion on the sale of 30.2 million shares. There are more than 500 million shares he will keep for himself and not sell in the IPO. Consequently, he now has a fortune of around $16 billion.
Budgeting and Finances at Meta
For the final three months of its 2021 fiscal year (FY), which ended on December 31, 2021, Meta reported a net income of $10.285 billion on total revenue of $33.671 billion. At $32.639 billion, or around 97% ($32.639/$33.671) of total revenue, the advertising segment led the way. Reality Labs and other sources rounded out the company's revenue picture.
Revenue increased by 20% compared to the same period a year ago, slowing from the 35% YOY growth seen in Q3 FY 2021. In the fourth quarter, net income decreased by 8% year-over-year, compared to the third quarter, when it increased by 17%.
Total operating income, a measure of profitability across Meta's business divisions, was $12.585 billion, down 1% year over year.
Facebook's Top Ten Stockholders
Several of Facebook's largest stockholders are the company's original creators, and the financial sector is next in line. The top 10 are as follows:
- 7 92% Vanguard Group Inc.
- 6.75% Blackrock, Inc.
- To wit: FMR (Fidelity), 5.51%
- 4.20% on the T. Rowe Price Index
- Securities and Exchange Commission, 4.00% State Street Corporation
- Finances Abroad, 2.12% of the Total
- Global Investors Capital, 2.00%
- 1.75 percent, Capital Research Global Investors
- Company: Geode Capital Management, LLC (1.72%)
- Asset Management Division of Norges Bank, 1.27 %
A Look at Facebook's Explosive Growth
Zuckerberg created the website “Facemash” in 2003, while he was a student at Harvard. This website took a cue from Hot or Not by displaying “pictures culled from the online Facebook of nine Houses, placed two next to each other and asking viewers to choose the “hotter” individual.” Facemash saw 450 users and 22,000 photo views in its first four hours.
In May of 2006, Facebook hired Julie Zhuo as its first intern. Zhuo was hired on as an engineer after only a month. In order to join Facebook on September 26, 2006, users needed to be at least 13 years old and have access to a working email account. One hundred thousand business fan pages had been created on Facebook by year's end.
The initial group websites were released in May 2009. Microsoft announced the purchase of a 1.6% stake in Facebook for $240 million on October 24, 2007. With this, Facebook's entire worth was pegged at roughly $15 billion. Facebook introduced its online app shop, called App Center, in March 2012. The shop was meant to support iOS, Android, and mobile web browsers.
For those who missed it, Zuckerberg detailed his 10-year strategy on April 12th, 2016. Its foundation is made up of three things: A.I., increased global communication, and VR/AR technology. In July, the business was sued for $1 billion over allegations that it had allowed Hamas to use it in attacks that resulted in the deaths of four people.
Facebook published the blueprints for its Surround 360 camera on GitHub under an open-source licence. The animated short “Henry,” which it produced, was awarded an Emmy in September. Facebook has announced that it would disable its facial recognition technology and erase the data of more than a billion users on November 2, 2021.
Frequently Asked Questions
What is the total value of Facebook?
Facebook is worth approximately $527 billion in total.
When Did Facebook Begin?
In the United States, Facebook was founded in February 2004 in Cambridge, Massachusetts.
Who Created the Idea for Facebook?
The concept for Facebook was developed by Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Chris Hughes, and Dustin Moskovitz.